BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
With global economies rebounding from the Covid-19 pandemic, demand for metals improved significantly. This, coupled with a raw material shortage, has pushed metal prices higher.
In Q3 FY21, average aluminum/zinc prices rose approximately 13% QoQ each, whereas Indian steel prices rose ~19% QoQ.
We expect domestic steel consumption to rise ~7% YoY in Q3 FY21.
Steel volume for our coverage universe is seen declining 5%/1% QoQ/YoY due to inventory liquidations in the base quarters.
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